In a recent decision, Kraft (Re) (Kraft), the Ontario Capital Markets Tribunal (the Tribunal) articulated clear guidance with respect to the application of the necessary course of business (NCOB) exception to the prohibition...more
Le Groupe de travail sur la modernisation relative aux marchés financiers de l’Ontario (le « groupe de travail ») a récemment publié son rapport final (le « rapport final »), qui énonce plus de 70 recommandations visant à...more
The Ontario Capital Markets Modernization Taskforce (Taskforce) recently released its final report (Final Report) outlining over 70 recommendations aimed at modernizing Ontario’s capital markets regime. The Final Report...more
Dans une série de procédures administratives récentes de la Commission des valeurs mobilières de l’Ontario (la « CVMO »), le personnel de la Mise en application de la CVMO (le « personnel ») a cherché à présenter des...more
In a series of recent Ontario Securities Commission (OSC) administrative proceedings, enforcement staff of the OSC (Staff) have sought to present the allegations against respondents in a manner that would, if accepted,...more
A recent decision by the Ontario Court of Appeal has provided a powerful reminder to capital market participants to exercise caution before trading on a tip or discussing material non-public information—lest they run afoul of...more
On June 21, 2013, amendments to the Ontario Securities Act (the Act) contained in Bill 65 — the Prosperous and Fair Ontario Act (Budget Measures), 2013—were brought into force. Certain of the amendments have the potential to...more